Foreigners who earn money in Nigeria will soon start to pay tax in the country.
This much was disclosed by Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy.
According to Onanuga, foreigners would now pay tax after the proposed amendment to the National Identity Management Commission (NIMC) Bill, 2024.
He stated this on Wednesday, September 25, while briefing State House correspondents in Abuja.
Onanuga noted that the proposed NIMC bill was part of the Economic Stabilisation Bills approved by the Federal Executive Council (FEC) on Monday, soon to be forwarded to the National Assembly for consideration.
“This bill will amend the law that was made some years ago, and it now provides, if the National Assembly passes that bill, that everybody living in Nigeria, foreigners, all of them will now be registered and be given tax identity.
“Once you are doing some work here and you are earning income, you will be registered and given tax identity and you will be taxed, and you come under our tax structure.
“The law that was set up initially precluded foreigners from being registered, and so they were not taxed,” said Onanuga.
Further, he said another bill, which was part of the Economic Stabilisation Bills, had to do with the operating laws guiding the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA).
“Now, amendments are also proposed so that all their fees, charges, levies, and fines accruing to them will now be paid in Naira at the applicable exchange rate.
“Presently those agencies are only charging in dollars, but with the proposed bill, they will now charge in Naira.
“This government wants to put a lot of emphasis on our national currency. Instead of everything being dollarized in our economy, the government is now saying, pay in Naira,” said Onanuga.
Post Views: 205
